Category Archives: U.S.

Business/Economics, U.S.

Government Incompetence & No Economic Recovery for U.S.: Congress screws over the Postal Service, 3,600 offices to close

The USPS lost $8.5 billion in 2010.  It lost $3.8 billion in 2009.  So far this year the USPS has lost $2.2 billion.  The result; the United States Postal Service will make public a list of post offices that could be closed this year, as many as 3,653.

The United States Postal Service does not make money off taxpayers, they are solely funded by the postage they charge.  The problem is that Congress controls the postage they are allowed to charge, and so far Congress has refused to allow postal rates to reflect the actual operating cost of the USPS.

On top of that, Congress overcharged the USPS $75 billion for the Federal Employees Retirement System plan.  The Postmaster General asked for that money to be returned, but Congress refused (you think they already spent it?).

As a result of incompetence (or is it on purpose?) by our elected officials in Congress,  thousands more USPS employees will lose their jobs.

Business/Economics, International, U.S.

Don’t want to die? Stay out of hospitals in Canada, United States and Europe! Another reason for increased health care costs

“If you were admitted to hospital tomorrow in any country … your chances of being subjected to an error in your care would be something like 1 in 10. Your chances of dying due to an error in health care would be 1 in 300.”-Professor Liam Donaldson, World Health Organization envoy

The United Nations released a study saying that hospitals in the ‘western’ world are sure places to catch a deadly disease, or die from mistakes made by medical personnel.

The UN World Health Organization discovered that your chances of dying in a hospital, by medical errors, are far greater than dying in a plane crash.

More interestingly, Canada takes the number one spot for worst hospital related infections, at an 11.6% infection rate.  The European Union has a 7% rate, followed by the United States with 4.5%.

But lets put that U.S. rate of 4.5%, which sounds low, into real numbers.  According to the research 1.7 million infections are acquired in U.S. hospitals, which leads to 100,000 deaths each year.  That’s 100,000 people in the U.S. being killed because of hospital uncleanliness.

Catching an infection while in the hospital means a longer stay and more treatment.  The study suggests that the increased infection rate while being in the hospital, along with medical mistakes, are partly to blame for increasing medical costs.

To be sure most health care systems around the world are in trouble, but, what surprised the WHO researchers is that the developed ‘western’ world has made no progress in improving medical care inside hospitals.  Former United Kingdom chief medical officer Liam Donaldson, said this: “It shows that health care in general worldwide still has a long way to go.  Health care has not achieved the level of safety of many other high-risk industries.”

 

Business/Economics, Opinion, U.S.

TARP a TRAP for taxpayers: Treasury Dept. scamming taxpayers, banks paying off loans with loans, is there any real money left in the U.S.?

An organization called Project on Government Oversight discovered the U.S. Treasury Department is letting big banks, and corporations, pay off their taxpayer funded loans with new taxpayer funded loans meant for small banks.

On paper it looks like big banks who took out TARP bailout loans are paying those loans off.  It turns out that many of those payoffs came from new loans also offered through the Treasury Department.

The new loans are being made with a program that was meant for smaller banks, to lend money to small businesses.  The program is called Small Business Lending Fund.

What this means is the U.S. Treasury is not really getting the taxpayer funded TARP bailout money back.  Instead the Treasury is allowing the big banks to rob Peter to pay Paul.  The problem here is that both Peter and Paul are one in the same, the U.S. taxpayer!

This isn’t the first time claims were made that TARP money was being paid back with loans.  In April 2010, Senator Charles Grassley, of Iowa, claimed that General Motors paid back their TARP loan, with another TARP loan: “It looks like [GM’s] announcement is really just an elaborate TARP money shuffle. The repayment dollars haven’t come from GM selling cars but, instead, from a TARP [escrow] account at the Treasury Department.”

Now the question is why can’t the big banks, and other corporations, pay back their taxpayer TRAP (I mean TARP) loans?  After all many have reported big profits. Is this a case of no real money left in the United States?



U.S.

Government Incompetence & No Economic Recovery for U.S.: Congress lays off thousands of Air Traffic Controllers

“The FAA employees who will be furloughed perform critical work for our nation’s aviation system and our economy. These are real people with families who do not deserve to be put out of work during these tough economic times.”-Randy Babbitt, FAA Administrator

Because the U.S. Senate failed to approve the House tax plan to fund the Federal Aviation Administration, about 4,000 people will be laid off.  As usual, both republicans and democrats blame each other!

However, the democrat controlled Senate might have a point, because the republican controlled House plan added on pork spending ($16.5 million worth), basically subsidizing commercial airline operations in ten states.

 


 

International, U.S.

Study confirms U.S. combat vets coming home with incurable lung disease, no help from the VA

“This is a very rare condition in otherwise healthy individuals and is generally untreatable. We believe that it is caused by an inhalational exposure with which they have contact while in southwest Asia.”-Dr. Matthew S. King

The New England Journal of Medicine published a study, which was conducted by a team of medical personnel including Doctor Matthew S. King.  They concluded that military personnel, in Iraq and Afghanistan, are contracting incurable lung diseases, possibly from exposure to chemicals.

In one case 38 U.S. troops were exposed to smoke from a sulfur mine fire in Iraq.

Doctor King said the symptoms of the lung disorders are many, and severe:  “Respiratory disorders are emerging as a major consequence of service in southwest Asia. In addition to our study, there have been studies showing increases in asthma, obstructive lung disease, allergic rhinitis and a general increase in reports of respiratory symptoms.”

Medical experts are now trying to convince the Veterans Administration to recognize and treat the disorders.

You can get a copy of the New England Journal of Medicine article (Constrictive Bronchiolitis in Soldiers Returning from Iraq and Afghanistan) by emailing; [email protected]

Business/Economics, Opinion, U.S.

Idiot! CNN commentator says $14 billion loss for U.S. taxpayers is a good thing

Some idiot at CNN called the huge billion dollar car maker bailout loss for U.S. taxpayers “Excellent!”.

He justifies his statement by saying it’s better than the originally projected loss of $40 billion.  What this idiot doesn’t seem to realize is that most taxpayers were against the bailouts, because they knew they would lose.

In total, between Chrysler and GM, the U.S. taxpayers lost $14 billion dollars in the auto maker bailout joke.  But this guy at CNN thinks it’s great, calling it “…a mere $14 billion”.

The idiot goes on to claim that the U.S. government (taxpayers) would have lost huge tax revenues if Chrysler and GM went out of business.  Hello, most of their sales are now outside the U.S., which means they’re not paying U.S. taxes on those sales.

 

Business/Economics, International, U.S.

Government Incompetence: Canadian taxpayers lose $810 million to Chrysler, Unions say it could threaten factories

Just like the U.S. government, the Canadian government has sold its shares of Chrysler stock to Fiat, at a loss.

Canada bailed out Chrysler’s operations in Canada, and it cost the Canadian taxpayers $810 million.

Canadian autoworkers union officials say their government should have held on to the stock a little longer, as a way of making sure Chrysler/Fiat doesn’t shut down the Canadian operations: “We’ve advocated all along for the Ontario and Canadian governments to retain those shares as leverage, to retain investment in Canada, but that decision wasn’t made and now we have to trust that Chrysler and Fiat will recognize the incredible contributions Canadian workers, and Canadian plants, have made in the turnaround of this company.”-Ken Lewenza, union rep

Business/Economics, International, U.S.

No Economic Recovery for U.S.: China offers U.S. college students free education

“We hope the scholarships will encourage American students to delve into China studies and other subjects in China in earnest.”-Zhang Jin, education exchange program

China’s Ministry of Education is ready to offer full university scholarships to  students from the United States.  The program actually started last year, and was officially announced in April of this year.

China has a plan to attract 500,000 foreign students to its universities by 2020.  The plan also supports U.S. President Obama’s desire to send 100,000 U.S. students to China (so much for Obama’s support of U.S. higher education).

If you want to check out the full scholarship go to www.studyinchina.edu.cn , click on “english” to get the English version of the site.